Liberty All-Star Equity Fund (NYSE:USA) declared a quarterly dividend on Wednesday, January 17th, Wall Street Journal reports. Stockholders of record on Friday, January 26th will be paid a dividend of 0.18 per share by the closed-end fund on Monday, March 12th. This represents a $0.72 annualized dividend and a dividend yield of 10.88%. The ex-dividend date is Thursday, January 25th. This is a boost from Liberty All-Star Equity Fund’s previous quarterly dividend of $0.17.
Liberty All-Star Equity Fund has raised its dividend payment by an average of 8.4% per year over the last three years.
Shares of Liberty All-Star Equity Fund (NYSE USA) remained flat at $$6.62 during midday trading on Wednesday. 1,629,900 shares of the stock traded hands, compared to its average volume of 950,260. Liberty All-Star Equity Fund has a 12 month low of $5.31 and a 12 month high of $6.72.
About Liberty All-Star Equity Fund
Liberty All-Star Equity Fund is a diversified, closed-end management investment fund. The Fund seeks total investment return comprising long-term capital appreciation and current income through investing primarily in a diversified portfolio of equity securities. It allocates its portfolio assets on an approximately equal basis among several independent investment management organizations having various investment styles recommended and monitored by its investment advisor.
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